Nigerian Stock Market

Lagos, Nigeria (Capital Markets in Africa) — Taking a cue from yesterday’s rebound, the ASI continued on its positive streak up (+70bps), to close 30,458.86pts at the end of trading. Activities of bargain hunters gave support to the index, resulting in cumulative gains of 92bps MTD, bringing YTD return to (-12.11%). Volumes were up 35%, occasioned by block trades in financial service sector stocks: GTB (62.6m shares; N1.44bn), Zenith (61.9m shares; N991m), and Mansard (189m…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian All Share Index (ASI) started the month on a positive note, up 0.2% to close at 30,247.83pts during today’s trade. Similarly, investors gained N23.2bn, thus market capitalisation settle at N10.4tn. Today’s slight rise in the ASI was on the back of appreciations recorded in DANGOTE CEMENT (+0.6%) and GUINNESS (+3.9%). Market activities measured by volume and value of shares traded also increased 19.4% to 320.2m units…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities Market slipped into eight consecutive days of losses as the All Share Index (ASI) lost 84bps to close at 30,180.27points. Market capitalization declined N87.7bn to berth at N10.3tn. The poor performance of the market today was driven by sell downs in GUINNESS (-5.0%), FBN HOLDINGS (-4.4%) and GUARANTY (-3.4%). Activity level within the market was however mixed as volume traded appreciated 73.8% to 268.2m units…

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Equities market continued the bearish run as the NSE ASI shed 25bps to 30,426.18pts. Market capitalization declined N25.6bn to N10.4tn. Today’s trade was driven by major losses in Consumer goods and Banking counters such as NIGERIAN BREWERIES (-0.8%), GUINNESS (-1.7), GUARANTY (-1.7%) and FBN HOLDING (-3.7%) Market activity also declined as value slipped 4.1% to N4.2bn and volume reduced 30.7% to 154.2m units OANDO Improves 0.6%…